Using the Benchmark and Annual Surveys of U.S. Direct Investment Abroadcollected by the Bureau of Economic Analysis, the authors examine the operationsof U.S. multinational corporations (MNCs) in seven manufacturing industriesand twenty-two countries over the years 1982?91. They analyze how...

We explore the economic diffusion radius of high-speed railway (HSR) stations. Using spatial differences-in-differences (DID) method, we find that the openings of HSR stations can promote enterprises’ performance within 20 kilometers. We also observe a heterogeneity of the effect in different...